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Catalog of Federal Domestic Assistance

Program Descriptions

58.001:  Securities: Investigation of Complaints and SEC Information

Popular Name:  Complaints and Inquiries

Objectives:  To serve investors who complain about investment fraud or the mishandling of their investments by securities professionals. To respond to a wide range of investor inquiries, produce and distribute educational materials, and organize town meetings and seminars. To advise the SEC and its staff about problems frequently encountered by investors and possible solutions. To represent the interests of individual investors in connection with SEC rule-making proceedings.

PROGRAM AND AWARD	FINANCIAL AND INFORMATION CONTACTS
ELIGIBILITY REQUIREMENTS	FINANCIAL AND ADMINISTRATIVE INFO.
APPLICATION AND AWARD PROCESS	INFORMATION CONTACTS
RELATED PROGRAMS	ASSISTANCE CONSIDERATIONS
PROGRAM ACCOMPLISHMENTS	POST ASSISTANCE REQUIREMENTS

58.001 ELIGIBILITY REQUIREMENTS:

Applicant Eligibility:  Anyone may seek information from or file a complaint with the SEC.

Beneficiary Eligibility:  The SEC's actions are designed to protect not only those who seek its help directly, but also all other similarly situated investors and the general public. Moreover, the SEC's public files contain financial and other information about several thousand companies, broker-dealers, investment companies, investment advisers, transfer agents, and banks. Members of the public may examine such material at the SEC's headquarters office in Washington, DC, and its regional offices in New York, and Chicago, or they may order copies of the material by contacting the SEC at: Public Reference Branch, Mail Stop 1-2, 450 Fifth Street, NW., Washington, DC 20549. Phone: (202) 942- 8090. Fax: (202) 628-9001. Email: publicinfo@sec.gov. The SEC also maintains a web site on the internet at www.sec.gov where the public can read or download public files on public companies whose securities are registered with the SEC, educational information, and investor alerts. Also, investors who believe they have been defrauded, or believe that another party has violated the federal securities laws are urged to present their complaint and/or information to the SEC for use in its enforcement and regulatory activities. SEC public actions do not necessarily result in any monetary benefits to investors. However, aggrieved investors may find the information the SEC discloses in its actions helpful in any private action they may bring to recover their losses.

Credentials/Documentation:  Not applicable.

58.001 APPLICATION AND AWARD PROCESS:

Preapplication Coordination:  None. This program is excluded from coverage under E.O. 12372.

Application Procedure:  Contact any regional office Investor Assistance Specialist or the Office of Investor Education and Assistance in Washington, DC.

Award Procedure:  Not applicable.

Deadlines:  None.

Range of Approval/Disapproval Time:  Not applicable.

Appeals:  Not applicable.

Renewals:  Not applicable.

Criteria for Selecting Proposals:  Not applicable.

Examples of Funded Projects:  Not applicable.

Range and Average of Financial Assistance:  Not applicable.

58.001 RELATED PROGRAMS:

• 36.001 Fair Competition Counseling and Investigation of Complaints.

58.001 PROGRAM ACCOMPLISHMENTS:

58.001 FINANCIAL AND ADMINISTRATIVE INFO:

Federal Agency:  SECURITIES AND EXCHANGE COMMISSION

Type of Assistance:  Dissemination of Technical Information; Investigation of Complaints.

Obligations:  (Salaries and expenses) FY 99 $338,887,200; FY 00 est $377,000,000; and FY 01 est $422,800,000.

Budget Account Number:  50-0100-0-1-376.

Authorization:  Securities Act of 1933, Public Law 73-22, 15 U.S.C. 77a et seq.; Securities Exchange Act of 1934, Public Law 73-291, 15 U.S.C. 78a to 78jj, as amended, Public Laws 92-29 and 94-29; Public Utility Holding Company Act of 1935, Public Law 74-333, 15 U.S.C. 79 to 79z-6; Trust Indenture Act of 1939, Public Law 76-253, 15 U.S.C. 77aaa to 77bbbb; Investment Company Act of 1940, Public Law 76-768, 15 U.S.C. 80a-1 to 80a-52; Investment Advisers Act of 1940, 15 U.S.C. 80b-1 to 80b-21; National Bankruptcy Act, Chapter X, Public Law 75-696, 11 U.S.C. 501-676; Securities Investor Protection Act of 1970, Public Law 91-598, 15 U.S.C. 78aaa, as amended, Public Law 95-283.

Regulations, Guidelines, and Literature:  The most popular publications are: "Get the Facts on Saving and Investing,". "Ask Questions, Questions You Should Ask About Your Investments," and "Invest Wisely: Advice from your Securities Regulators," and "Invest Wisely: An Introduction to Mutual Funds," "Cold Calling Alert," and "The Work of the Securities and Exchange Commission," a detailed discussion of the functions of the SEC. Copies of these and a list of other publications may be obtained from the SEC's Office of Administrative Services, Printing Branch, Mail Stop C-11, Washington, DC 20549 or by calling 1-800-732-0330. The e-mail address is publicinfo@sec.gov. These publications are also on the internet at www.sec.gov/consumer/online.htm.

58.001 INFO CONTACTS:

Regional or Local Office:  Regional Offices: Joanne Morris, Dolores Grayson and Janis A. Leyden, 5670 Wilshire Blvd., 11th Floor, Los Angeles, CA 90036-3648, (213) 965-3998; Rhonda Erickson and Lucille V. Casias, Suite 4800, 1801 California Street, Denver, CO 80202-2648, (303) 391-6821; Vivian Stephens, Suite 1400, Citicorp Center, 500 West Madison Street, Chicago, IL 60661-2511, (312) 353-7390; Doreen K. Mosaphir, Suite 200, 1401 Brickell Ave., Miami, FL 33131, (305) 982-6301; Robert L. Anthony, Sandy Sadwin, and Donna Smith, 7 World Trade Center, Suite 1300, New York, NY 10048, (212) 748-8051. District Offices: June Zaloumis and Cheryl M. Lawson, 44 Montgomery Street, Suite 1100, San Francisco, CA 94104, (415) 705-2500; Vellamaray Graham, Suite 1000, 3475 Lenox Road, NE, Atlanta, GA 30326-1232, (404) 842-7600; Margaret Lohman, 73 Tremont Street, Boston, MA 02108-3912, (617) 424-5900; Barbara Ray, Suite 800, 801 Cherry Street, Fort Worth, TX 76102, (817) 978-6465; Nancy Depasquale, The Curtis Center, Suite 1005-E, Independence Square West, 601 Walnut Streets, Philadelphia, PA 19106, (215) 597-2278; Key BankTower, Suite 500, 50 South Main Street, Box 79, Salt Lake City, UT 84144-0402, (801) 524- 5796.

Headquarters Office:  Office of Investor Education and Assistance, Securities and Exchange Commission, 450 Fifth Street, NW., Stop 2-13, Washington, DC 20549. Phone: (202) 942-7040; Facsimile: (202) 942-9634. The e-mail address is help@sec.gov.

(See Appendix IV for more contact info.)

58.001 ASSISTANCE CONSIDERATIONS:

Formula and Matching Requirements:  Not applicable.

Length and Time Phasing of Assistance:  Not applicable.

Uses and Use Restrictions:  Investor complaints are an important source of information about possible securities laws violations and they assist the SEC in its law enforcement and regulatory functions. Investors who believe that possible securities laws violations have occurred should advise the SEC so that it may take appropriate regulatory action. However, the SEC is not a collection agency; it does not advise investors whether particular transactions about which they may have complained are violative of the Federal securities laws, nor seek recovery in their behalf through court action or otherwise. These laws do provide important remedies to investors, and investors should consider seeking the advice of an attorney as to any recourse available to them if they believe they have been defrauded.

58.001 POST ASSISTANCE REQUIREMENTS:

Reports:  Not applicable.

Audits:  Not applicable.

Records:  Not applicable.